Background*

Mr. Thomas K. Montag, also known as Tom, serves as the Chief Executive Officer and Director at Merrill Lynch & Co., Inc. Mr. Montag has been the Chief Operating Officer of Bank of America Corporation since September 2014. He served as a Co-Chief Operating Officer at Bank of America Corporation from September 2011 to September 2014. He served as an Executive Vice President in August 2008, Head of Global Sales and Trading in April 28, 2008, and President of Global Banking ... and Markets at the firm. Mr. Montag is responsible for all of the businesses for companies and institutional investors, including middle market commercial and large corporate clients, and institutional investor clients, including Bank of America Merrill Lynch Global Research and the global markets sales and trading businesses. He has extensive industry knowledge, with over two decades of experience in financial markets throughout the world. Mr. Montag serves as a Director at Goldman Sachs Jbwere Pty Ltd., BlackRock Preferred Income Strategies Fund, Inc and BofA Merrill Lynch. He has been Director at GS Financial Products US Co since May 1, 1995. Mr. Montag served as the President of Global Banking and Markets at Bank of America Corporation from August 2009 to September 2011. He served as the Global Head of Markets at Bank of America Corporation from January 2009 to August 2009 and Head of Global Corporate & Investment Banking from August 2009 to September 2011. Mr. Montag served as the President of Global Markets at Bank of America Corporation from January 2009 to August 2009 and also served as its Executive Officer. He spent over 22 years with Goldman Sachs Group Inc., where he served as a Co-Head of the Global Securities Business until December 2007 and also served as its Co-Head of Asian FICC and Equities. Mr. Montag served as Co-President of Japanese operations at The Goldman Sachs Group Inc. from 2001 to December 2007. He served as a Senior Director and Managing Director at The Goldman Sachs Group, Inc. from 1996 to December 2007. Mr. Montag ran Goldman Sachs Group's global derivatives business. He served as a Vice President at Goldman, Sachs & Co., Managing General Partner at GS Financial Products U.S., L.P. since November 1994. Mr. Montag was a Partner at Goldman Sachs in 1994. He started his career with management positions at First National Bank of Chicago. Mr. Montag served intermittently as President and Vice President of Corporate General Partner at GSMMDP since October 1993. He was a Participating Limited Partner of GSMMDP and served as an Executive Vice President of its General Partner since November 1996. Mr. Montag serves as Board Member of Stanford University Athletic. He serves as Trustee of the Riverdale Country School. He serves as Member of the Board of The Partnership for New York City, Inc. and the NYU Langone Medical Center Board of Trustees. Mr. Montag served as a Director of BlackRock, Inc. since April 7, 2011 until May 29, 2014. He served as a Director of Merrill Lynch International until December 31, 2013. Mr. Montag served as a Director of BlackRock World Mining Trust plc. He served as a Director of Goldman Sachs Australia Pty. Ltd. and BlackRock Credit Allocation Income Trust II, Inc. Mr. Montag served as a Trustee of BlackRock Debt Strategies Fund, Inc. He was Asia Society trustee. He served as Director of Securities Industry and Financial Markets Association. Mr. Montag earned an M.B.A. degree from Northwestern University and a Bachelor of Arts degree from Stanford University.

Vice Chairman, President, Chairman of County Area Banking Business Development Committee, Member of Nomination & Remuneration Committee and Member of Strategic Planning CommitteeAgricultural Bank of China Limited

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